Synchrony Financial’s recently made public that its insider MOTHNER JONATHAN S unloaded Company’s shares for reported $2.22 million on Nov 15 ’24. In the deal valued at $64.99 per share,34,163 shares were sold. As a result of this transaction, MOTHNER JONATHAN S now holds 127,587 shares worth roughly $8.67 million.
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Then, MOTHNER JONATHAN S bought 34,163 shares, generating $2,220,253 in total proceeds.
Before that, Howse Curtis sold 21,934 shares. Synchrony Financial shares valued at $1,209,221 were divested by the insider at a price of $55.13 per share. As a result of the transaction, Howse Curtis now holds 99,743 shares, worth roughly $6.78 million.
JP Morgan upgraded its Synchrony Financial [SYF] rating to an Overweight from a a Neutral in a research note published on December 09, 2024; the price target was increased to $72 from $59. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early December from “an Equal weight” to “an Overweight”. BTIG Research also remained covering SYF and has decreased its forecast on September 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on August 09, 2024. It rated SYF as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SYF
On Monday, Synchrony Financial [NYSE:SYF] saw its stock jump 0.01% to $67.93. Over the last five days, the stock has gained 1.25%. Synchrony Financial shares have risen nearly 77.87% since the year began. Nevertheless, the stocks have risen 94.64% over the past one year. While a 52-week high of $69.00 was reached on 12/09/24, a 52-week low of $34.42 was recorded on 01/18/24. SMA at 50 days reached $59.44, while 200 days put it at $48.79.
Levels Of Support And Resistance For SYF Stock
The 24-hour chart illustrates a support level at 67.38, which if violated will result in even more drops to 66.83. On the upside, there is a resistance level at 68.93. A further resistance level may holdings at 69.94. The Relative Strength Index (RSI) on the 14-day chart is 71.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.55%. Stochastics %K at 77.42% indicates the stock is a holding.
How much short interest is there in Synchrony Financial?
A steep rise in short interest was recorded in Synchrony Financial stocks on 2024-11-15, growing by 1.73 million shares to a total of 14.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.59 million shares. There was a rise of 12.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2024 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $56 price target.
